How much money are you saving with Lightyear?
Upwards of £50,000 per annum. We are no longer mistakenly paying duplicates, we’re saving costs on early payment fees, and being able to analyse our business to find out which areas we are overspending by using the archive to run analysis on our spending by GL code and suppliers.
How do you use the payables insights generated by Lightyear?
We can download reports by GL code, supplier and care home location which allows us to analyse the spending at each location by supplier and by the actual products being purchased. We have been able to reassess our spending, cutting spending on some items at one location where it wasn’t necessary, letting us allocate funds to other care homes to ensure that our resources are being distributed correctly.
What software do you use/integrate Lightyear with?